Rich Dad Poor Dad Book Summary-min

Now a big problem in the world is that some people are rich who are getting richer and poor people are very poor. So, So why is this problem? It is also not that some people were rich from birth but they became rich later. So what did they do that they became rich?

There are several reasons for this. One of them is the understanding of money. What few people in the world know. How to get it done with the money. We work for money all our lives, but we have to work with money. Only then will we become rich.

So to learn this, Robert Kiyosaki has written a very good book. This book is the best for learning this thing. So in this post, we will talk about Robert Kiyosaki’s rich dad poor dad book.

Who Is Robert Kiyosaki ?

Robert Kiyosaki’s full name is Robert Toru Kiyosaki. he is an American businessman and author. Robert publishes more than 26 books. His Rich Dad Poor Dad book is his most famous book ever.

This book has been translated into 51 languages and sold over 41 million copies worldwide. In addition, he is the founder of Rich Global LLC and Rich Dad Company. He makes the cashflow board and software games to educate adults and children about business and financial concepts.

Rich Dad Poor Dad Book

Rich Dad Poor Dad Book Summary :

Today I going to tell you a key to getting rich. which deals with the fact why only a few people get really rich and why most people die living a poor or middle-class life. Robert’s story begins this way. Robert who had two fathers. One had a Ph.D. degree and the other never finished his 8th grade.

Both were very smart and hard-working. but had a very different point of view regarding success and they gave different teachings to Robert. one said that money is the root of all evil while others said lack of money is the root of evil.

One always said we can’t afford expensive things while the other told Robert to find ways that how can he afford it. as that exercises the brain to come up with ideas.

One told him to study hard and try to get a job in a big company while the other told him to study hard and try to open his own company and create jobs. Robert had an advantage as he had 2 dads and saw both of them grew from his childhood.

He used his logic and followed his second dad adviser who later became the richest man in Miami. And With his teaching, Robert Kiyosaki himself became multi-millionaire. while his 1st dad kept on struggling financially throughout his life.

One of the most important keys for success that Robert got from his rich dad was financial literacy. Which is knowing the difference between assets and liabilities. Now listen carefully he gave a really simple definition for them.

Assets are anything that makes money for you and liabilities are things that take money away from you. The reason rich people are rich because they acquire assets while the middle class just buys liabilities.

The cash flow of poor people goes something like they get the income and then they have expenses that eat all their income. For the middle class, the income goes into expenditure and liabilities. which they think are assets.

For Example, most of the middle-class people think that the house they own is their asset but that is not true. as the house does not put money In their pocket or make money for them, it is just a liability unless they give it for rent.

On the other hand, the rich class spends their income to make assets. which in return make money for them and then they mostly spend expenditures from that income. So by doing this they continuously grow and keep getting rich. Also their sources of income increase.

If you really want to get rich let this simple idea fit in your mind. It’s not important how much amount you earn but important is the amount you keep. You have to shift from a consumer mentality to an investor mentality.

People keep on complaining that they should get a better income which would improve their life. but the problem is even if their income increases. It will just increase their expenditure. as high income will make them desire to have a better house, better car, etc.

Which again are just liabilities that will keep them away from getting rich and struggle financially. So to conclude its not how much money you earn but how you spend it will make all the difference. These concepts are taken from Robert Kiyosaki the author of rich dad poor dad book.

I have also read this book which changed my perspective towards various aspects of life. I think you should definitely read it once. If you want to buy this book, you can take it from the link given below. Buy Now Rich Dad Poor Dad Book.